Cher sold her 6-bedroom waterfront home on Key Biscayne. The closing took place Tuesday, May 9. The house, located at 510 South Mashta Drive on Key Biscayne sold for $8.8 million, fully furnished.
And whom do you think the buyers' attorney called to do some pre-purchase property tax planning? That's right, your faithful blogger!
So when it's your turn to buy that multi-million dollar manse you've had your eye on, remember that federal income tax is not the only kind of tax that requires a little planning. Property tax planning is a novel concept, but an important one to keep in mind. Just remember, if it's good for the folks who bought Cher's house, it's good for you, too!
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Daniel A. Weiss is a former Attorney Special Master for the Miami-Dade County Value Adjustment Board. Mr. Weiss now represents commercial, institutional charitable, commercial, high-end residential, agricultural and municipal taxpayers at VAB proceedings throughout the State of Florida. Mr. Weiss handles both valuation and legal claims.
Mr. Weiss has over 25 years property tax experience. Mr. Weiss represented the Miami-Dade County taxing authorities in litigation and appeals between 1981 and 1995 as a Miami-Dade Assistant County Attorney and has since represented taxpayers in property tax matters.
In Florida Trend magazine’s “Legal Elite” issue, July 2004, Mr. Weiss was selected by his peers as one of the top 30 government lawyers in the State of Florida.
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